📊 Pullback strategy: entering on confirmation
$SOL rose to a 7-day high of $109.20 and has now pulled back to $104.67. The classic mistake? Buying at the top out of FOMO. 📉
The lesson of the pullback: after a strong move, a patient trader waits for a retest of the broken level instead of chasing the price. The retest zone here is $104–105 (previous short-term resistance): if the price returns there and holds, it could confirm the entry.
What would confirm the entry: a clear rejection at the retest (a wick marking the zone), followed by a 4-hour close above it.
The stop, for educational purposes: below the retest zone, around $102–103 — if that zone gives way, the setup is no longer valid. No averaging down.
Patience is a position. The market rewards those who wait for confirmation and charges those who chase the price.
#CriptoVisao #Trading
$SOL rose to a 7-day high of $109.20 and has now pulled back to $104.67. The classic mistake? Buying at the top out of FOMO. 📉
The lesson of the pullback: after a strong move, a patient trader waits for a retest of the broken level instead of chasing the price. The retest zone here is $104–105 (previous short-term resistance): if the price returns there and holds, it could confirm the entry.
What would confirm the entry: a clear rejection at the retest (a wick marking the zone), followed by a 4-hour close above it.
The stop, for educational purposes: below the retest zone, around $102–103 — if that zone gives way, the setup is no longer valid. No averaging down.
Patience is a position. The market rewards those who wait for confirmation and charges those who chase the price.
#CriptoVisao #Trading
